3D Printing Services Global Market Report 2024

The 3d printing services market size has grown exponentially in recent years. It will grow from $6.11 billion in 2023 to $7.5 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The growth observed in the historical period can be attributed to several factors, including the widespread adoption of rapid prototyping techniques, cost-effective solutions, advancements in the field of medicine, increased design flexibility, and a heightened focus on education and research.

The 3d printing services market size is expected to see rapid growth in the next few years. It will grow to $14.42 billion in 2028 at a compound annual growth rate (CAGR) of 17.8%. The anticipated growth in the forecast period can be linked to various factors, such as the integration of digital twinning and prototyping, the incorporation of augmented and virtual reality, advancements in metal and composite printing, the expanding applications in the aerospace and automotive industries, and the rise of on-demand production services. Furthermore, significant trends expected in this period encompass developments in bioprinting and tissue engineering, the utilization of sustainable printing materials, a shift towards on-demand and localized production, advancements in metal printing technologies, the integration of smart manufacturing practices, and the incorporation of IoT (Internet of Things) technologies.

The growth of the 3D printing services market can be largely attributed to the reduction in manufacturing costs and minimized process downtime. 3D printing technology plays a pivotal role in helping companies achieve substantial cost savings while simultaneously reducing downtime and minimizing waste. Utilizing 3D printing for prototyping allows businesses to significantly cut down the expenses associated with developing new products. The reduced need for labor or workforce involvement further contributes to the cost-effectiveness of manufacturing processes. Moreover, 3D printing significantly shortens manufacturing time, turning what used to take months into a matter of days. For instance, it takes only about 20 minutes to 3D print a phone case and merely 4 minutes to produce a 2x4 Lego piece. This remarkable reduction in manufacturing costs and process downtime has led to an increased demand for 3D printing services within the market.

The primary services offered in 3D printing include tooling, parts production, software services, system maintenance, and expert support. It finds application in prototyping, tooling, and the production of functional parts across various industries, including consumer products, automotive, healthcare, aerospace, and defense. Prototyping is a pivotal stage in the development of new products, allowing designers to transform concepts into tangible, working prototypes. This process encompasses multiple steps that aid in addressing critical aspects such as user requirements, navigation, information structure, usability, accessibility, and user interface or visual design, which are vital considerations for designers, product owners, and business analysts.

The 3D printing services market research report is one of a series of new reports that provides 3D printing services market statistics, including 3D printing services industry global market size, regional shares, competitors with a 3D printing services market share, detailed 3D printing services market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printing services industry. This 3D printing services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The anticipated growth in the 3D printing services market is closely linked to the expanding automotive industry. The automotive sector encompasses a wide range of companies involved in the development, manufacturing, marketing, sales, repair, and modification of motor vehicles. 3D printing services play a pivotal role in this context by enabling swift prototyping and the production of customized automotive components. This, in turn, leads to a reduction in development time and costs. Additionally, these services offer support for on-demand production and enhance supply chain flexibility, allowing automotive manufacturers to optimize their operations and trim down inventory expenses. For example, data from MarkLines Co. Ltd., a US-based provider of online information services for the automotive industry, reveals that in 2022, 1.287 billion units of light vehicles were sold in the US, marking a 5.4% increase compared to the same period in 2021. Truck and SUV sales also rose by 5.3% to reach 1.02 billion units, while passenger car sales increased by 5.7% to 0.266 billion units. Consequently, the robust expansion of the automotive industry serves as a driving force behind the growth of the 3D printing services market.

The presence of intellectual property issues surrounding the printing of items with proprietary rights has a significant impact, as it leads to unauthorized actions and the potential for patent infringement. This challenge poses a hindrance to the growth of the 3D printing service market. In the 3D printing market, the range of printable products is relatively limited, and this factor plays a role in restricting its growth. Notably, 3D printing products find extensive use in the healthcare industry, offering significant potential for enhancing drug research and development (R&D) by enabling the printing of human organs and tissues. However, the need to purchase the patent for the 3D building product code to print organs results in elevated product costs. Consequently, intellectual property issues related to the printing of products create obstacles for the expansion of the 3D printing service market.

3D printing service providers are increasingly embracing cloud-based solutions for managing 3D printing services. These cloud-based 3D printing management platforms are designed to cater to individuals, enterprises, educational institutions, and service providers. They offer features that allow users to securely render, repair, and store 3D designs, as well as streamline the printing process while providing comprehensive data tracking and analytics. For example, in October 2021, BCN3D, a Spain-based manufacturer of desktop 3D printers, introduced its new 3D printer cloud management technology, integrated with its acquired 3D printing cloud software management platform, AstroPrint. This technology enables centralized control of remote 3D printers, enhancing resource management by providing a unified platform for the efficient management of organized workflows.

Prominent companies in the 3D printing services market are strategically focusing on the development of innovative products, including high-performance Fused Filament Fabrication (FFF) 3D printers, as a means to establish a competitive advantage in the market. An exemplary product in this context is the Magneto X, which incorporates Peopoly's proprietary MagXY magnetic levitation linear motor system for the X and Y axes, delivering an unprecedented level of repeatability at 3 microns. For instance, in September 2023, Peopoly, a Hong Kong-based 3D printer manufacturer, introduced the world's first desktop FFF 3D printer based on MagLev technology, known as the Magneto X. This cutting-edge 3D printer has been meticulously designed to elevate and optimize the performance of desktop 3D printing. It transcends traditional belt and pulley mechanisms, harnessing the power of magnets to facilitate high-speed printing, achieve superior surface finishes, and enable remarkably precise 3D printing directly from the desktop. This innovation underscores the commitment of major players to push the boundaries of technology in the 3D printing services market.

In December 2021, Stratasys Ltd., a company that manufactures 3D printers and 3D production systems with American-Israeli origins, entered into an agreement to acquire Origin Inc., a 3D printing start-up. The acquisition is valued at up to $100 million, encompassing both cash and stock components. This strategic move will empower Stratasys to leverage Origin's photopolymer platform and its wide array of materials, facilitating the company's expansion into the mass production parts sector. Stratasys aims to achieve this expansion by employing a next-generation photopolymer platform.

Major companies operating in the 3D printing services market include 3D Systems Corporation, Stratasys Ltd., Materialise NV, ExOne Company, Arcam AB, Proto Labs Inc., HP Inc., SLM Solutions Group AG, ARC Group Worldwide Inc., Carbon Inc., Concept Laser GmbH, Cookson Precious Metals Ltd., EnvisionTEC GmbH, GE Additive, Groupe Gorgé SA, Höganäs AB, Markforged Inc., Mcor Technologies Ltd., Optomec Inc., ReaLizer GmbH, Renishaw plc, Organovo Holdings Inc., Nano Dimension Ltd., EOS GmbH Electro Optical Systems, General Electric Company, Voxeljet AG, Desktop Metal Inc., Ultimaker BV, Formlabs Inc., Prodways Group SA, XYZprinting Inc., Shapeways Inc., Sculpteo SAS

Asia-Pacific was the largest region in the 3D printing services market in 2023. North America was the second largest region in the 3D printing services markets report. The regions covered in the 3d printing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the 3d printing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The 3D printing services market includes revenues earned by entities by quickly creating product models, prototypes, and final products. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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